How Will Brexit Impact Africa

Posted on: 08/04/2017

Brexit encompasses not only a dramatic shift in economic and political ties in Europe but also in Africa where the UK, through its membership of the European Union was able to strengthen relationships with several nations on the continent.

Following the UK’s Leave vote on June 23rd, African currencies dipped. Stocks and bonds also plunged. Due to their positions as the UK’s largest African markets, Kenya, Nigeria, and South Africa are among the prominent African States to be impacted by the UK’s move out of Europe. A lot of negotiations may have to take place as most of the trade agreements the UK has with African countries were negotiated through the EU. Inevitably, an end will come to some agreements.

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